Investor companies worth less

The net asset value of the Wallenberg family's holding company Investor was 140 billion kronor, or 183 kronor per share, at the end of the second quarter, according to a report released on Tuesday.

The figure is down on the value of the company at the end of March, but still up from its value at the beginning of the year, when it was worth 134 billion kronor.

The company’s income was down on the same period last year. Consolidatated net income was 9 billion kronor, compared to 21.3 billion in the second quarter of 2005.

The company’s core investments had an impact of 10 billion kronor on net income over the first two quarters compared with 17.5 billion in the first half of 2005.

Engineering company ABB had the largest impact, contributing 2.86 billion. AstraZeneca and Atlas Copco also had a significant effect, with an impact of 2.8 and 2.6 billion respectively.

Ericsson dragged down the total, costing the company 2.6 billion in the first six months of the year.

Investor also owns major stakes in companies including Husqvarna, Electrolux and mobile phone company 3 Scandinavia.